$KOSS
KOSS CORP

2021 Q2 Form 10-Q Financial Statement

#000005670121000015 Filed on May 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q1
Revenue $5.420M $3.987M $4.789M
YoY Change 37.23% -16.74% -1.46%
Cost Of Revenue $3.360M $2.570M $3.200M
YoY Change 29.73% -19.68% -0.17%
Gross Profit $2.060M $1.418M $1.590M
YoY Change 51.5% -10.83% -3.95%
Gross Profit Margin 38.01% 35.55% 33.19%
Selling, General & Admin $1.729M $2.272M $1.688M
YoY Change 42.93% 34.6% 9.56%
% of Gross Profit 83.93% 160.25% 106.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $82.62K $70.00K $70.00K
YoY Change 18.03% 0.0% -22.22%
% of Gross Profit 4.01% 4.94% 4.4%
Operating Expenses $1.729M $2.272M $1.688M
YoY Change 42.93% 34.6% 9.56%
Operating Profit $331.0K -$854.1K -$97.90K
YoY Change 120.69% 772.38% -185.23%
Interest Expense $960.00 $1.139K $6.631K
YoY Change -82.82%
% of Operating Profit 0.29%
Other Income/Expense, Net $378.8K
YoY Change
Pretax Income $332.0K -$474.1K -$91.27K
YoY Change 121.33% 419.47% -179.46%
Income Tax $60.00 $49.00 $6.104K
% Of Pretax Income 0.02%
Net Earnings $331.9K -$474.2K -$97.37K
YoY Change 107.46% 386.96% -170.62%
Net Earnings / Revenue 6.12% -11.89% -2.03%
Basic Earnings Per Share -$0.06 -$0.01
Diluted Earnings Per Share $30.20K -$0.06 -$0.01
COMMON SHARES
Basic Shares Outstanding 8.517M 8.101M 7.405M
Diluted Shares Outstanding 8.101M 7.405M

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.950M $6.030M $2.060M
YoY Change 73.76% 192.72% -24.26%
Cash & Equivalents $6.950M $6.029M $2.064M
Short-Term Investments
Other Short-Term Assets $456.0K $480.0K $390.0K
YoY Change 68.89% 23.08% 39.29%
Inventory $5.902M $6.857M $4.992M
Prepaid Expenses
Receivables $2.241M $1.962M $3.553M
Other Receivables $0.00 $10.00K $10.00K
Total Short-Term Assets $15.55M $15.34M $11.01M
YoY Change 28.1% 39.34% -12.51%
LONG-TERM ASSETS
Property, Plant & Equipment $1.281M $1.307M $1.023M
YoY Change 30.25% 27.81% 11.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.494M $9.526M $9.489M
YoY Change 0.37% 0.4% 0.33%
Total Long-Term Assets $10.78M $10.83M $10.51M
YoY Change 3.19% 3.06% 1.35%
TOTAL ASSETS
Total Short-Term Assets $15.55M $15.34M $11.01M
Total Long-Term Assets $10.78M $10.83M $10.51M
Total Assets $26.32M $26.17M $21.52M
YoY Change 16.58% 21.62% -6.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $398.4K $950.3K $409.1K
YoY Change -51.86% 132.3% -66.11%
Accrued Expenses $665.6K $811.0K $634.9K
YoY Change 14.73% 27.74% -14.33%
Deferred Revenue $694.6K $568.2K $439.3K
YoY Change 63.97% 29.34%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.052M $2.615M $1.757M
YoY Change -21.53% 48.83% -37.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.697M $4.660M $4.890M
YoY Change -2.35% -4.7% -6.32%
Total Long-Term Liabilities $4.697M $4.660M $4.886M
YoY Change -2.34% -4.62% -6.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.052M $2.615M $1.757M
Total Long-Term Liabilities $4.697M $4.660M $4.886M
Total Liabilities $6.749M $7.275M $6.643M
YoY Change -9.1% 9.52% -17.35%
SHAREHOLDERS EQUITY
Retained Earnings $8.730M $8.398M $8.078M
YoY Change 5.99% 3.96% -8.08%
Common Stock $10.85M $10.50M $6.798M
YoY Change 56.73% 54.44% 10.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.58M $18.90M $14.88M
YoY Change
Total Liabilities & Shareholders Equity $26.32M $26.17M $21.52M
YoY Change 16.58% 21.62% -6.25%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $331.9K -$474.2K -$97.37K
YoY Change 107.46% 386.96% -170.62%
Depreciation, Depletion And Amortization $82.62K $70.00K $70.00K
YoY Change 18.03% 0.0% -22.22%
Cash From Operating Activities $788.7K -$1.220M -$10.00K
YoY Change -45.98% 12100.0% -102.04%
INVESTING ACTIVITIES
Capital Expenditures -$50.16K -$180.0K -$150.0K
YoY Change 67.2% 20.0% 1400.0%
Acquisitions
YoY Change
Other Investing Activities -$4.050K $0.00 $0.00
YoY Change
Cash From Investing Activities -$54.21K -$170.0K -$150.0K
YoY Change 35.52% 13.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 186.3K 3.030M 0.000
YoY Change -63.48%
NET CHANGE
Cash From Operating Activities 788.7K -1.220M -10.00K
Cash From Investing Activities -54.21K -170.0K -150.0K
Cash From Financing Activities 186.3K 3.030M 0.000
Net Change In Cash 920.8K 1.640M -160.0K
YoY Change -52.29% -1125.0% -132.65%
FREE CASH FLOW
Cash From Operating Activities $788.7K -$1.220M -$10.00K
Capital Expenditures -$50.16K -$180.0K -$150.0K
Free Cash Flow $838.9K -$1.040M $140.0K
YoY Change -43.7% -842.86% -72.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-4068
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1318377
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
212482
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
464032
dei Document Transition Report
DocumentTransitionReport
false
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
154275
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
74082
dei Amendment Flag
AmendmentFlag
false
dei City Area Code
CityAreaCode
414
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Period End Date
DocumentPeriodEndDate
2021-03-31
dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2021Q1 koss Proceeds From Short Sale Rule144
ProceedsFromShortSaleRule144
378805
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
428228
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
143334
dei Document Type
DocumentType
10-Q
dei Entity Address Address Line1
EntityAddressAddressLine1
4129 North Port Washington Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Milwaukee
dei Entity Address State Or Province
EntityAddressStateOrProvince
WI
dei Entity Central Index Key
EntityCentralIndexKey
0000056701
CY2021Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8516823
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Registrant Name
EntityRegistrantName
KOSS CORPORATION
dei Entity Shell Company
EntityShellCompany
false
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
39-1168275
dei Local Phone Number
LocalPhoneNumber
964-5000
dei Security12b Title
Security12bTitle
Common Stock, par value $0.005 per share
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Trading Symbol
TradingSymbol
KOSS
koss Lease Extension Per Year
LeaseExtensionPerYear
380000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
50555
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2807002
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2802765
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2226184
CY2020Q2 us-gaap Assets
Assets
22580406
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
53212
dei Entity File Number
EntityFileNumber
0-3295
CY2020Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
827705
CY2021Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
950303
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2317064
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1961704
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
580099
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
811014
CY2020Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
6882729
CY2021Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
10456658
CY2021Q1 us-gaap Assets
Assets
26172295
CY2020Q2 us-gaap Assets Current
AssetsCurrent
12137536
CY2021Q1 us-gaap Assets Current
AssetsCurrent
15338510
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
10061544
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3999409
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6028952
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-164319
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
423639
CY2020Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
6876827
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
37024
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
42584
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
568177
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
170281
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
175784
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
271179
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3199665
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
9453860
CY2020Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2333482
CY2021Q1 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
2393982
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
258401
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Gross Profit
GrossProfit
4301318
CY2020Q1 us-gaap Gross Profit
GrossProfit
1589776
us-gaap Gross Profit
GrossProfit
4671677
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-617710
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-91269
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
165719
CY2020Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
14622
CY2021Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
10554
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6104
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4068
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1027292
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-110705
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-15616
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-203960
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
37016
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-35426
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1859887
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
254612
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
19955
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
6631
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
1748
CY2021Q1 us-gaap Liabilities
Liabilities
7275057
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
22580406
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
26172295
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2615090
CY2021Q1 us-gaap Liabilities Current
LiabilitiesCurrent
2615395
CY2020Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
4809218
CY2021Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
4659662
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
156398
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-504107
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
339788
us-gaap Operating Income Loss
OperatingIncomeLoss
-637665
us-gaap Operating Income Loss
OperatingIncomeLoss
-721534
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
276947
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
285901
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2305455
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2089896
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2582402
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2375797
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9459229
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9526478
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
267647
CY2021Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
480129
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
983641
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1307307
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-8938
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8236345
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8397996
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3987452
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4938983
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1687676
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5393211
us-gaap Share Based Compensation
ShareBasedCompensation
428228
CY2020Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
506700
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8100730
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
222998
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2228282
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2063963
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2029543
CY2021Q1 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
7150681
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.005
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.005
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7404831
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8516823
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7404831
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8516823
CY2019Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
808488
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
367198
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2569900
us-gaap Deferred Compensation Arrangement With Individual Distribution Paid
DeferredCompensationArrangementWithIndividualDistributionPaid
112500
us-gaap Deferred Compensation Arrangement With Individual Distribution Paid
DeferredCompensationArrangementWithIndividualDistributionPaid
112500
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13276
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1554280
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2021Q1 us-gaap Gross Profit
GrossProfit
1417552
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-474119
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6125
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
122598
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-355531
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
230915
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
150041
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
173000
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
1139
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5149200
CY2021Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6547993
CY2020Q2 us-gaap Inventory Gross
InventoryGross
7102231
CY2021Q1 us-gaap Inventory Gross
InventoryGross
8495037
CY2020Q2 us-gaap Inventory Net
InventoryNet
5538794
CY2021Q1 us-gaap Inventory Net
InventoryNet
6857171
CY2020Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
1953031
CY2021Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
1947044
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1563437
CY2021Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1637866
us-gaap Share Based Compensation
ShareBasedCompensation
464032
CY2021Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2020Q2 us-gaap Liabilities
Liabilities
7424308
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
169963
us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3115457
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-650555
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-435359
us-gaap Net Income Loss
NetIncomeLoss
-623835
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-97373
us-gaap Net Income Loss
NetIncomeLoss
161651
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-474168
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-97900
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-854063
CY2021Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
7400000
us-gaap Other Noncash Income
OtherNoncashIncome
506700
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
885505
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
378805
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
112956
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
103891
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
391151
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
546664
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3115457
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-171
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14362862
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4789441
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
14125537
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2271615
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
15072101
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
14830533
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
14876494
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
15156098
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
16190591
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
18897238
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3115457
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3026540
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7404831
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7404831
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9188002
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7404831
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7404831
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7633722
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8100730

Files In Submission

Name View Source Status
0000056701-21-000015-index-headers.html Edgar Link pending
0000056701-21-000015-index.html Edgar Link pending
0000056701-21-000015.txt Edgar Link pending
0000056701-21-000015-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
koss-20210331.xml Edgar Link completed
koss-20210331.xsd Edgar Link pending
koss-20210331x10q.htm Edgar Link pending
koss-20210331xex31_1.htm Edgar Link pending
koss-20210331xex31_2.htm Edgar Link pending
koss-20210331xex32_1.htm Edgar Link pending
koss-20210331xex32_2.htm Edgar Link pending
koss-20210331_cal.xml Edgar Link unprocessable
koss-20210331_def.xml Edgar Link unprocessable
koss-20210331_lab.xml Edgar Link unprocessable
koss-20210331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending